With the transfer of the last 125 classes this morning, BOX completed the migration to its new trading engine platform (SOLA ™ which is licensed from the Montreal Exchange) . The transfer was accomplished progressively over six weeks starting on June 12; immediate benefits to BOX users are improved response times during peak traffic periods and a much quicker opening match in the morning. This completes phase one of BOX's migration to a new trading environment, to be followed by phase two in September with the replacement of BOX's HUB Communications software. The new environment will allow BOX to:
- add 500 additional options classes
- increase the number of Market Maker appointments on all options classes
- increase Market Maker messaging throughput which will improve market quality
- provide full penny quoting (and participate in the Penny Pilot Program to commence in January 2007)
- reduce its technical operations costs
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